1. This Schedule applies to any reconstruction or amalgamation involving an open-ended investment company which takes the form of a scheme described in paragraph 4 other than one to which Part 4 of the Undertakings for Collective Investment in Transferable Securities Regulations 2011 applies.
2. An open-ended investment company may apply to the court under section 896 or 899 of the Companies Act 2006 (power of company to compromise with creditors and members) in respect of a scheme falling within any of sub-paragraphs (a) to (c) of paragraph 4(1) where -
(a) the scheme in question involves a compromise or arrangement with its shareholders or creditors or any class of its shareholders or creditors; and
(b) the consideration for the transfer or each of the transfers envisaged by the scheme is to be -
(i) shares in the transferee company receivable by shareholders of the transferor company; or
(ii) where there is more than one transferor company and any one or more of them i
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